Joint Stock Company Commercial Bank "Centre-Invest"

completed

Established in 1992, Centre-Invest (CI or the Bank) is the largest privately owned bank in the Rostov Region and among the largest 150 Russian banks. CI has traditionally serviced large corporates and SMEs in the Rostov Region. CI has an excellent reputation in its home market which has enabled the Bank to attract the most important enterprises in the region as clients, as well as the second largest retail deposit base after Sberbank. More recently, the Bank has begun expanding to neighboring regions in the south of Russia. The purpose of the project is to provide the Bank with additional funds to onlend to SMEs in the southern Russia for working capital and investment purposes and to strengthen the Bank’s capitalization. This project is IFC’s second transaction with Center Invest Bank and builds on a partnership begun in 2002, when IFC provided a $2 million loan for onlending to SMEs.